https://www.taxtmi.com/caselaws?id=416195 The appeal against the dismissal of the Corporate Insolvency Resolution Process petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed. The Adjudicating Authority found the liability in question to be contentious and disputed, not a clear liability suitable for resolution under the Code. The court emphasized the need for thorough investigation before deciding on liabilities and upheld the dismissal of the petition due to the pre-existence of a dispute and the appellant's pursuit of payments. The appeal was dismissed with no order as to costs. en-us Fri, 10 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416195 The appeal against the dismissal of the Corporate Insolvency Resolution Process petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed. The Adjudicating Authority found the liability in question to be contentious and disputed, not a clear liability suitable for resolution under the Code. The court emphasized the need for thorough investigation before deciding on liabilities and upheld the dismissal of the petition due to the pre-existence of a dispute and the appellant's pursuit of payments. The appeal was dismissed with no order as to costs. Case-Laws Insolvency and Bankruptcy Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416195